B · Normal
[Central Bank: Improve the communication and expectation management level of monetary policy] On September 10, Lu Lei, deputy governor of the People's Bank of China, stated at the State Council Information Office's "Starting the 15th Five-Year Plan" series of theme press conferences on September 10 that in order to implement the "15th Five-Year Plan" outline and the "15th Five-Year Plan" for building a financial power. Recently, the "People's Bank of China's "15th Five-Year Plan" Reform and Development Plan" was formulated and issued, and nine action plans in related fields were issued. He further stated that it is necessary to build a scientific and stable monetary policy system and a comprehensive macro-prudential management system, make counter-cyclical and inter-cyclical adjustments, and keep the scale of social financing and the growth of money supply in line with the expected goals of economic growth and overall price levels. "To this end, it is necessary to improve the market-oriented interest rate formation, control and transmission mechanism, give play to the decisive role of the market in exchange rate formation, enhance the flexibility of the RMB exchange rate, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level." He said.
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